Barnard Marcus auction yesterday - carnage!

greyskittles

m00m00 wrote: »

it means, ring them up and ask

Thanks. Apologies if it was a stupid question... I'm not very savvy when it comes to these things.

m00m00

it's a fairly stupid thing to leave off an online brochure though, so I can see why the obvious solution doesn't seem, quite so obvious.

chrisandanne

greyskittles wrote: »

Thanks. Apologies if it was a stupid question... I'm not very savvy when it comes to these things.

I'm not very savvy with this computer.....I WISH someone could tell me how to 'quote' just a line instead of quoting the whole 'quote'...if you know what I mean !!!. And as for property bee :eek: I keep trying and the machine tells me I have a firefox ? but I never get a result !!!. I'm scared stiff of breaking the damn thing 'cos then my OH goes off on one !!!.

A x

MissMoneypenny

chrisandanne wrote: »

I'm not very savvy with this computer.....I WISH someone could tell me how to 'quote' just a line instead of quoting the whole 'quote'...

Click the quote button and then highlight and delete the bits you don't want.

chrisandanne wrote: »

And as for property bee :eek: I keep trying and the machine tells me I have a firefox ? but I never get a result !!!. I'm scared stiff of breaking the damn thing 'cos then my OH goes off on one !!!.

A x

Have you installed firefox?

chrisandanne

[


Have you installed firefox?[/quote]

Thank you.....I have deleted the bits I didn't want !!!!!

There is an icon that says we have firefox yes....but when I go to property bee it sugests I do things which I don't understand or have the courage to try in case I b*gger up this machine.....I will ask my husband to install it..though I think I have already asked...perhaps twice....but lets face it that's nothing. A x

lynzpower

if you want to just use a bit of the quote, then just highlight it, paste it into your bosx then highlight it then press the quote button ( like speech bubble) icon above

Generali

amcluesent wrote: »

A quick glance at the story of 1929-1939 will show there were many, many times 'bargain hunters' bought-in and then the market slid again...

The below graph shows Dow Jones Industrial Average (the US 'stock market') from the 1920s-1940. It took until 1954 for the stock market to reach the highs of 1929. That doesn't include the impact of dividends though and dividends make up 1/3rd - 1/2 of stock market returns over time*.

JK Galbraith wrote an excellent and concise book on the 1929 crash. It gives a good insight into the mentality that drives a bubble onwards and upwards as the 1920s boom was a double bubble really: there was a speculative bubble in Floridian land in the mid-20s that burst in 1925(?) followed by a bigger bubble in the US stock market that popped in 1929.

Funnily enough the worldwide (pretty much) property bubble comes hot on the heels of the dot com bubble.

*The price of shares in £s is a bit meaningless really. The price:earnings ratio is a better measure for mature companies at least (for rapidly gowing companies things are a little more complicated). That is to say, how many years worth of profits = the amount I am paying for my shares, the higher the figure the more expensive the shares are. By that measure, US share prices have never been anywhere near as high as in 1929 before or since.

chrisandanne

That's really interesting.....if you apply that graph to the current house price bubble, the bottom of the market will be Spring 2011. A x

Generali

chrisandanne wrote: »

That's really interesting.....if you apply that graph to the current house price bubble, the bottom of the market will be Spring 2011. A x

We'll see. I don't think that property will reach the same levels again in my lifetime WRT to property price:net wage ratio or property price:rent ratios. That's the similarity I see between 1929 stocks and 2008 property markets.

There are a lot of people out there that are hoping to retire in the next 10 or 15 years that have an asset in the form of a house and not much else.

If I am right about the Government being basically bankrupt as they have promised financial commitments that they can't ever hope to meet there are going to be a lot of people looking to downsize or in some other way realise the equity in their house to finance their retirement and if they're all looking to sell, who's going to buy?

chrisandanne

Society will change and morph.....it may be that sons or daughters stay in the family home with their partners and children and expense is shared that way...or parents move into their childrens small house and children take over the large house........I do a lot of family history and this is how it used to be.

We will see...there are a lot of changes on the horizon.

night night A x